Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

My next target is 39.09, prior swing low. By the look of the momentum indicators, current move, at worst, should only be half done. Nevertheless, key resistance is at the 20 and 50 SMA areas which is near. If we get a decisive sell off at this area, time to short this ETF as the weekly view is already on a sell.

http://stockcharts.com/def/servlet/SC.web?c=QQQQ,uu%5bw,a%5ddeclyiay%5bdc%5d%5bph.02,.20!d20,2!b9!i!...